1. 09.13.16: Diagonal Calendar Call Spread, [6-4 call ratio; $30/$28]. I have limited the prices as I expect the prices to move up due to earnings and the news about $SANM’s EPS. We will sell monthly calls, each month. TJ

Watch for updates on trades:metals, gas, royalties. 

$SANM will report good #’s tomorrow. They are $SANM online tomorrow. 

6-4 Diagonal Calendar Call Spread; $SANM EPS for 09.13 & New Buyback in Place

imp-sanm-6-4

2. Jan ’17; $32 Expiry Call = [long 6 @ $1.05]

Oct ’16; $28 Expiry Call = [short 4 @ $1.05]

 $SANM: Each month we will sell monthly call.
Sanmina Reports Third Quarter Fiscal 2016 Results

SAN JOSE, Calif., July 25, 2016 /PRNewswire/ — Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ: SANM), a leading integrated manufacturing solutions company, today reported financial results for the third fiscal quarter ended July 2, 2016.

Third Quarter Fiscal 2016 Summary

  • Revenue of $1.67 billion
  • GAAP operating margin of 3.3 percent
  • GAAP diluted earnings per share of $0.38
  • Non-GAAP(1) operating margin of 3.7 percent
  • Non-GAAP(1) diluted earnings per share of $0.63

Revenue for the third quarter was $1.67 billion, compared to $1.61 billion in the prior quarter and $1.54 billion for the same period of fiscal 2015.

GAAP operating income in the third quarter was $54.6 million or 3.3 percent of revenue, compared to $47.3 million or 3.1 percent of revenue in the third quarter fiscal 2015.  GAAP net income in the third quarter was $29.5 million, compared to $24.5 million for the same period a year ago.  GAAP diluted earnings per share for the quarter were$0.38, compared to $0.29 in the third quarter of fiscal 2015.

Non-GAAP operating income in the third quarter was $61.9 million or 3.7 percent of revenue, compared to $59.2 million or 3.8 percent of revenue in the third quarter fiscal 2015.  Non-GAAP net income in the third quarter was $48.2 million, compared to $45.1 million in the same period a year ago.  Non-GAAP diluted earnings per share for the quarter were $0.63, compared to $0.53 for the same period a year ago.

“Results for the quarter were in line with our outlook.  Revenue was up 3.6 percent sequentially and 8.5 percent year over year driven by the ramp of new programs,” statedJure Sola, Chairman and Chief Executive Officer of Sanmina Corporation.  “Executing our business plan, expanding our existing customer relationships and growing with new customers positions Sanmina for a better future.  We will continue to invest in technologies and capabilities that strengthen our value proposition and enhance shareholder value,” concluded Sola.

Balance Sheet Summary

  • Ending cash and cash equivalents were $409.6 million
  • Cash flow from operations was $81.5 million
  • Repurchased 0.4 million common shares for $9.9 million
  • Inventory turns were 6.7x
  • Cash cycle days were 42.6 days

Fourth Quarter Fiscal 2016 Outlook
The following forecast is for the fourth fiscal quarter ending October 1, 2016.  These statements are forward-looking and actual results may differ materially.

  • Revenue between $1.675 billion to $1.725 billion
  • Non-GAAP diluted earnings per share between $0.64 to $0.68

3. Coal Trade: 03.2017

Trade: $ARLP Alliance

  1. 10-Calls $1,400

3. Gold Trade: 03.2017

RANDGOLD RESOURCES LTD ADR
NEWMONT MINING CORP
BARRICK GOLD CORP
AGNICO EAGLE MINES LTD (CANA)
FRANCO-NEVADA CORP (CANA)
NEWCREST MINING LTD
GOLDCORP INC (CANA)

1.Rangold $GOLD 2-$100 Puts (360) and 2-$100 Calls ($400) $760–debit

2. Franco-Nevado $FNV: 2 – $70 calls $14,60-Debit, 2-$70 puts ($1600) debit

3. Barrick $ABX: 5-calls buy $2 = $1000-debit; 5-puts buy $2.14 = $1,060-Debit

4. $Agnico Eagle $AEM; $2200-debit for 2-calls, Feb 2018. $1800-debit for 2-debits $4000Debit

5. Goldcorp: 2-calls $220; 2-puts $220; Net $880-Debit

ToddDividendLab

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